European markets close mixed, mirroring global sentiment at start of trading week – News 24-7 Live News 24-7 Live
European markets close mixed, mirroring global sentiment at start of trading week

European markets close mixed, mirroring global sentiment at start of trading week

The pan-European Stoxx 600 ended the session slightly below the flatline, with autos shares falling 1.6% to lead losses while bank stocks rose 0.7%.

European markets received a cautiously positive handover from Asia-Pacific on Monday, with investors watching Alibaba’s stock in Hong Kong following yet another development between affiliate Ant Group and billionaire founder Jack Ma.

Hong Kong-listed shares of Alibaba slipped 1.53% on Monday after Ant Group said in a tweet that a recent report by Reuters that the firm was looking at ways for Jack Ma to exit were “untrue and baseless.”

News Source: cnbc

Leave a Reply

Your email address will not be published. Required fields are marked *

Report News
Google